Beijing-based home sharing platform Xiaozhu has successfully completed its series C+ and D funding raising over $65M thanks to private equity firms Capital Today, Joy Capital, Bertelsmann Asia Investments (BAI) and others.
This is $5M more than the funds raised during their series C round in 2015.
The short-term home share market in China is booming with many other portals acquiring related companies. Last month Xiaozhu's rival Tujia.com International took ownership of the vacation rental businesses of Ctrip and Qunar.com in a strategic partnership agreement.
So far Xiazhu has been able to compete. According to their latest operation numbers they currently have 100,000 lodging units in 301 cities in China and active users have increased to nearly 10 million.